Apple s rumored music-streaming service dubbed as iRadio by tech journalists has long been doing rounds on the Internet, with the service believed to have been delayed due to difficulties in negotiations. Now, the Cupertino-based giant is said to have finally signed an agreement with Warner Music and Universal Music Group and is said to be prepping the music service for a launch at WWDC, The New York Times reports.
The difficulty in negotiations till now has been due to both parties not being able to settle on the topic of royalties. But the report states that finally Warner Music Group and Warner Chappell, its publishing arm, in addition to Universal Music Group have agreed to terms with Apple to provide licensed music for its streaming service. Sony believed to be still holding out on signing a deal, but with at least two major music labels under its belt, Apple may just be planning to launch iRadio at WWDC on June 10 alongside the highly-awaited iOS 7.
As we previously reported, Apple s Pandora-like music streaming service is expected to stream music according to the user s preferences and more importantly will be free, supported by ads. It would put it in competition with the likes of Pandora, Google Play All Access and Spotify and local services like Gaana, Saavn and Dhingana among others.